Weis Markets Repurchases $140M of Common Stock from Weis Family Trusts
June 6, 2025
Weis Markets, Inc. purchased 2,153,846 shares of its common stock in a private transaction for an aggregate $140.0 million (approximately $65.00 per share) from trustees of The Patricia R. Weis Marital Trust and The Patricia G. Ross Weis Revocable Trust. The sellers (affiliated with the Weis family) will use proceeds primarily to satisfy estate tax obligations; the transaction was approved by an independent special committee and funded with cash on hand and proceeds from sale of marketable securities.
- Buyers
- Weis Markets, Inc.
- Targets
- Weis Markets, Inc. (repurchased common stock)
- Sellers
- The Patricia R. Weis Marital Trust (trustees), The Patricia G. Ross Weis Revocable Trust (trustees), Weis Family
- Industry
- Retail
- Location
- Pennsylvania, United States
- Transaction Type
- Recapitalization
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